Indonesia BF upset to hurt Posco profits

Jan 29, 2014 | 09:25 AM |

Tags  Posco, PT Krakatau Posco, PT Krakatau Steel, blast furnace, steel, plate, slab, Juan Weik

SINGAPORE — South Korea’s Posco Ltd. expects to record a lower profit this year from PT Krakatau Posco, its 3-million-tonne-per-year Indonesian joint venture, due to an accident at the mill’s blast furnace.

The integrated facility, which was officially commissioned at the end of December, suffered an unspecified accident in early January, a Posco executive said Jan. 28 during a conference with investors and analysts.....

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